Now Is the Time to Fix California’s Messed up Tax Code
The California tax code is about as healthy as the federal tax code. In other words, it needs a lot of work. Of course, there are many interested parties that are all hard at work trying to create plans that will help improve the state’s economy and tax revenue while helping those from the lower and middle class improve their overall financial outlook.
There’s no end to the powers that are trying to push their agenda to keep California moving in the right direction. The state has shown several positive signs of recovery, thanks in part to the governor’s Proposition 30 that raised the top income tax rate by nearly one-third and increased the state sales tax by about 3 percent. As for the increase on the state’s top earners, that gave California the highest personal income tax rate in America. The sales tax increase pushed means the state also has one of the country’s highest sales tax rates.
The sales tax boost in Prop 30 is set to expire in January of 2017, while the income tax increase is set to phase out two years later. While governor Jerry Brown has stated that he does not favor an extension of Proposition 30, there are other powerful groups and lobbyists that are already proposing such extensions. Meantime, many others are working on other proposals to help improve the tax volatility in the state.
Two panels of tax experts, the Think Long Committee and the Commission on the 21st Century Economy, are proposing completely revamped tax codes that will smooth out California’s revenue and promote growth at the same time. While opinions differ on how the state should continue to promote growth and keep a steady flow of tax revenue coming in, the real issue is fixing California’s entire tax code.
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If you’re a regular traveler, then chances are you’ve already been to numerous incredible places. But that doesn’t mean you’ve seen everything there is to see and stayed everywhere there is to stay. In fact, if your travel season is about to get underway then you’re probably looking for some great new places to stay. If you’re tired of all the run-of-the-mill hotels, or maybe you’re just looking for something truly unique, then check out these one-of-a-kind options.Attrap’Reves, Allauch, France
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It’s surprising that the emerging market is now the biggest consumer of luxury goods, as reported by Deloitte, where a more mature audience once held the title. This will require luxury brands to reinvent their marketing approach in order to accommodate their new clientele. With an increase in income and more access to loan products, the new luxury consumer is fully equipped to have all they desire. But what is it that this elite group of consumers really want?Fast Cars Are No Longer EnoughWhile
How Do Biotech and Pharma Companies Feel About New Tax Law?
How Do Biotech and Pharma Companies Feel About New Tax Law? The back and forth regarding the new tax reform bill has been endless since even before it became law. Obviously, there are pros and cons and both sides hold tight to their arguments. Additionally, some taxpayers and industries oppose the reform, while others are…
Five Easy Steps To Help You Retire Wealthy
What hard-working individual doesn’t dream about retiring rich and living the good life throughout his or her golden years? After all, what’s the point of working your life away if you never get to enjoy the fruits of all your labors? The problem is, for many, retiring wealthy and living the good life is just that: a dream. In fact, for many, retirement is a daily battle just to have enough to get by after paying for all their necessary food and medical care. That’s not how retirement should be,